Infinera Beats Expectations Again

October 28th, 2015 by · Leave a Comment

Infinera posted its third quarter numbers late yesterday, giving the market another positive surprise.  Non-GAAP revenues of $232.5M and earnings per share of $0.22 were both well ahead of both guidance and analyst projections.  The company’s stock price has responded well in the pre-market, up over 13% and back over the $20 mark where it was after Q2 earnings, which were also a positive surprise.

The results include about 6 weeks of the results of Sweden-based Transmode, which Infinera acquired on August 20.  Infinera cited both its cloud connectivity and metro products as helping drive revenues higher than anticipated during the quarter.

Guidance for Q4, which will include a full quarter’s results from Transmode, is revenues of $258M plus or minus $5M and earnings per share of about $0.21, both of which are above analyst projections as well.  The one downside was a note of caution on the overall environment, where on the CC they said they have been getting conflicting signals, with pockets of softening demand tempered by positive indications elsewhere.  That sounds suspiciously like normality, but caution is a good thing after two strong quarters in a row.

If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!

Categories: Financials · Telecom Equipment

Discuss this Post

Leave a Comment

You may Log In to post a comment, or fill in the form to post anonymously.

  • Ramblings’ Jobs

    Post a Job - Just $99/30days
  • Event Calendar